SG Americas Securities LLC Decreases Position in Hub Group, Inc. $HUBG

SG Americas Securities LLC lessened its position in Hub Group, Inc. (NASDAQ:HUBG) by 88.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 8,669 shares of the transportation company’s stock after selling 67,316 shares during the period. SG Americas Securities LLC’s holdings in Hub Group were worth $312,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Interval Partners LP lifted its holdings in shares of Hub Group by 8.1% during the third quarter. Interval Partners LP now owns 471,766 shares of the transportation company’s stock valued at $16,248,000 after purchasing an additional 35,431 shares in the last quarter. Deprince Race & Zollo Inc. lifted its stake in Hub Group by 3.3% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,029,791 shares of the transportation company’s stock valued at $43,879,000 after acquiring an additional 33,224 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Hub Group by 78,261.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 137,917 shares of the transportation company’s stock valued at $5,877,000 after acquiring an additional 137,741 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Hub Group by 130.9% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 86,347 shares of the transportation company’s stock worth $3,683,000 after acquiring an additional 48,949 shares during the period. Finally, Leuthold Group LLC bought a new stake in shares of Hub Group in the fourth quarter worth approximately $3,163,000. Institutional investors own 46.77% of the company’s stock.

Hub Group Stock Performance

NASDAQ:HUBG opened at $46.20 on Friday. The stock has a 50-day simple moving average of $43.08 and a two-hundred day simple moving average of $42.38. The firm has a market capitalization of $2.83 billion, a PE ratio of 26.71, a P/E/G ratio of 1.34 and a beta of 1.22. Hub Group, Inc. has a 52-week low of $32.46 and a 52-week high of $53.26.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, June 5th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, June 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.1%. Hub Group’s payout ratio is 28.90%.

Trending Headlines about Hub Group

Here are the key news stories impacting Hub Group this week:

• Positive Sentiment: No clearly positive company-specific developments were reported in the latest news flow.
• Neutral Sentiment: Hub Group’s short interest update showed 0 shares as of July 10, with no meaningful change reported and a days-to-cover ratio of 0.0 days.
• Negative Sentiment: Several law firms announced or promoted securities fraud class action claims against Hub Group, increasing legal overhang and keeping investor focus on the company’s accounting issues and corrective actions taken against two senior executives. Article Title

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HUBG. Zacks Research upgraded shares of Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hub Group in a research note on Wednesday, June 24th. Benchmark lowered their price target on Hub Group from $50.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Stifel Nicolaus raised their price target on Hub Group from $27.00 to $29.00 and gave the stock a “sell” rating in a research note on Thursday, April 2nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $48.00 price objective on shares of Hub Group in a report on Wednesday, April 15th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Hub Group currently has an average rating of “Hold” and an average target price of $43.14.

Hub Group Company Profile

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.